I had originally thought I would rent for year and do a 1031 to avoid cap gains tax,  but I was told since I am a real estate professional ( I am a broker),  I would be exempt from cap gains.    

An exempt entity still needs to file an exemption (or for an exemption) and thus should still be listed as an exempt LLC? 

As to your primary residence exemption, if you don't live there and you claim primary residence exemption that would be tax fraud.

If you have lived in a home as your primary residence for two out of the five years preceding the home's sale, the IRS lets you exempt $250,000 in profit, or $500,000 if married and filing jointly, from capital gains taxes.

Traveling nurses and other medical professionals are in demand.

We understand there is a limitation on how long you are required to live in the property to keep your homestead exemption.

I was just  in Belize and while it was OK its a 3 rd world very poor country and when you get my age medical care is important ..

Your other assets are mostly in creditor protected entities, such as retirement accounts, personal residential homestead; and what’s not is heavily mortgaged, or exempt by Federal bankruptcy law.

Even in Silicon Valley MFHs prices do not appreciate as much as SFHs. 401K is meant for your golden years often used for a major medical bill not covered by your insurance.So you want to jump in at market peak it will not regroup until next housing cycle facing tax consequence now?

Personal Property: $30,000                    Personal Liability: $300,000                    Replacement Cost: Included                    Medical Payments: $1000                    Loss of Use: $6,000                    Property Damage to Others: $500                    Mold Property Damage: $10000                   Mold Liability: $50000                  Tenant Pet Damage: $500                  Additional Interest: Myself (the landlord)2) With above coverage added to renter insurance, do I make it mandatory for the tenant to have a separate pet liability insurance?